Waseca, Minnesota Business Gets SBA-Guaranteed Funding from Roundbank

An SBA loan from Roundbank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Waseca, Minnesota business owner got a $116,500 loan.

Getting a small business loan in Waseca, Minnesota was an essential business goal for this firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Roundbank, operating out of Waseca, Minnesota. Here are the details on this Minnesota small business loan.

SBA Loan Borrower

COMPANY TYPE: GENERAL LONG-DISTANCE FREIGHT TRUCKING
WASECA, MN 56093

SBA Loan Lender

ROUNDBANK
200 2ND ST NE
WASECA, MN 56093

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

484121 - General Long-Distance Freight Trucking

Loan Approval Date

1/30/2004

Loan Approval Gross Amount

$116,500

Loan Approval from the SBA

Of the total $116,500 loan amount, the SBA guaranteed $58,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Roundbank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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